In the aftermath of what was arguably one of the biggest storms ever to hit the East Coast, specialty value retailer Five Below ( NASDAQ: FIVE) and its customers rallied to raise $100,000 to assist in Hurricane Sandy relief efforts. In just four days, Five Below collected 50,000 $1 donations from customers across 18 states. The teen-focused chain, which had 20 stores directly impacted by the Superstorm, matched this donation dollar for dollar, bringing the grand total of funds raised to $100,000. Five Below will present its donation to the American Red Cross to support the ongoing response in assisting those affected by Superstorm Sandy.
“Five Below has dozens of stores located throughout Maryland, New Jersey, Long Island, and other East Coast locales hit by Hurricane Sandy,” said Tom Vellios, CEO and co-founder. “Our employees and associates all came out of the storm safely, and we were spared any major damage, but we know that not everyone was so fortunate. Cleanup and recovery will be long and arduous, and it will take the good will and hard work of many. We are proud to join with our customers in assisting these efforts.”
About Five Below
Five Below is a rapidly growing specialty value retailer offering a
broad range of trend-right, high-quality merchandise targeted at the
teen and pre-teen customer. Five Below offers a dynamic, edited
assortment of exciting products, all priced at $5 and below, including
select brands and licensed merchandise across a number of category
worlds. Five Below is headquartered in Philadelphia. For more
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